$229,900
For sale: Multiplex

New Listing! This property with great income potential offers three self-contained units, making it a great opportunity for both investors and owner-occupiers looking to generate rental income. The property features One 1-bedroom, 1-bathroom Unit, and Two, 2-bedrooms, 1-bathroom units. Currently, two units are rented, while one unit is vacant, offering flexibility for a buyer to move in, renovate, or secure a new tenant. While the property requires some updating and renovation, it offers plenty of potential for the right buyer to add value. Live in one unit and let the income from the other two help offset your expenses, or add this property to your investment portfolio and rent all three units. With the right vision and improvements, this property could be a fantastic income-producing opportunity. Bring your ideas and unlock the potential! Call today to schedule your private viewing!
Sold data
Multiplex homes in Thunder Bay took a median of 32 days to sell over the last 365 days, with the quickest quarter selling within 18 days and the slowest quarter taking more than 72, across 33 recorded sales.
The median sale price was $599,000.
Homes sold for about 0.8% below asking on average, so there was room to negotiate.
About 33% of sales closed above the list price.
Around 15% of sellers reduced their price before finding a buyer.
Based on 33 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Thunder Bay has 35 Fraser Institute–rated schools (29 elementary and 6 secondary), averaging 6.3/10.
School ratings from the Fraser Institute's Ontario school report cards.
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